“Billions stolen in online robbery”
Space trading game Eve Online has suffered a virtual version of the credit crunch. One of the game’s biggest financial institutions lost a significant chunk of its deposits as a huge theft started a run on the bank. One of the bank’s controllers stole about 200bn kredits and swapped them for [...]
Archive for July 3rd, 2009
Virtual Corruption
Posted in Uncategorized on July 3, 2009 | Leave a Comment »
Goldman Sachs and State Capture
Posted in Uncategorized, tagged financial crisis on July 3, 2009 | Leave a Comment »
Matt Taibbi’s article in Rolling Stone about Goldman Sachs generated a fair amount of buzz when it came out last week. I wasn’t available until this week, however. A few relevant excerpts:
If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system [...]
